Lihir May Be a Takeover Target
As Its Gold Mine Draws Interest

SYDNEY, Australia -- In the decade since Lihir Gold founded a mine in Papua New Guinea, there has been much talk about its potential -- and often-disappointing performance.

But now, the Sydney-listed mining company's departing chief executive says it is entering a "new era." And Lihir has been drawing interest, both from major miners who might invest and from individual investors. Shares of Lihir Gold, the second-largest...